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Lean Cost Management
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Book Synopsis Lean Cost Management by : James R. Huntzinger
Download or read book Lean Cost Management written by James R. Huntzinger and published by J. Ross Publishing. This book was released on 2007-05-15 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This practical and informative text demonstrates the importance of the relationship between a physically lean enterprise and accounting. It argues that to have continued success in an increasingly competitive marketplace, businesses must streamline both their physical operations and accounting methods.
Book Synopsis Supply Chain Development for the Lean Enterprise by : Robin Cooper
Download or read book Supply Chain Development for the Lean Enterprise written by Robin Cooper and published by Routledge. This book was released on 2017-12-06 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Four questions determine whether a company is using interorganizational cost management. Does your firm set specific cost-reduction objectives for its suppliers? Does your firm help its customers and/or suppliers find ways to achieve their cost-education objectives? Does your firm take into account the profitability of its suppliers when negotiating component pricing with them? Is your firm continuously making its buyer-supplier interfaces more efficient? If the answer to any of these questions is ""no"", your firm risks introducing products that cost too much or are not competitive. The full potential of the supply network can be realized only when the entire supply chain adopts interorganizational cost management practices. Competitive pressure has led many firms to try to increase the efficiency of supplier firms through interorganizational cost management systems, a structured approach to coordinating the activities of firms in a supplier network to reduce the total costs in the network. It is particularly important to lean enterprises for two reasons: Lean enterprises typically outsource more of the added value of their products than their mass producer counterparts. Lean enterprises usually compete more aggressively and must manage costs more effectively. Interorganizational cost management can reduce costs in three ways: through product design, through product manufacture and through cooperative approaches between buyers and suppliers to build smoother interfaces. However, more than just cost management must cross interorganizational boundaries. Suppliers are also a major source of innovation for lean enterprises. Successful supplier networks encourage every firm in the network to innovate and compete more aggressively. Read this book to learn to manage the supply chain to forge competitive advantage while reducing costs.
Book Synopsis The Controller as Lean Leader by : Sue Elizabeth Sondergelt
Download or read book The Controller as Lean Leader written by Sue Elizabeth Sondergelt and published by CRC Press. This book was released on 2017-07-27 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional accounting systems have become inadequate for today‘s increasingly competitive global manufacturing environment. They are too complex and too focused on past performance. As manufacturing techniques change and become less labor intensive, accounting methods must also evolve. Regardless of what you call it, Lean accounting is a managemen
Book Synopsis Practical Lean Accounting by : Brian H. Maskell
Download or read book Practical Lean Accounting written by Brian H. Maskell and published by CRC Press. This book was released on 2017-07-27 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: The methods and concepts presented in the bestselling first edition revolutionized the approach to the management and control of Lean companies. Enhanced with extensive end-of-chapter exercises and a CD-ROM with Lean accounting tools, the second edition of this preeminent practitioner‘s guide is now suitable for classroom use. Practical Lean Accoun
Download or read book Lean Accounting written by Joe Stenzel and published by John Wiley & Sons. This book was released on 2008-05-13 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Lean Accounting Best Practices for Sustainable Integration "Anyone involved in a lean transformation inevitably bumps up against the vagaries of the accounting systems that reward overproduction and waste and seem to punish true improvement. We wonder what would happen if the accountants actually came to the production floor and witnessed firsthand the havoc created by their systems. This volume gathers together some of the best thinkers to take a critical look at traditional cost accounting and defines a path forward to 'lean accounting.'" —Jeff Liker, Professor of Industrial and Operations Engineering, University of Michigan "Joe Stenzel has put together a timely compendium of writings from thought leaders in lean accounting. The viewpoints in this fine book are diverse and yet proclaim a consistent message: that conventional management accounting is broken--and here is how to fix it." —Richard J. Schonberger, President, Schonberger & Associates "If you are serious about understanding and implementing Lean Accounting in conjunction with your Lean Enterprise journey, this book will illuminate the specific techniques, but more importantly, will explain the cultural changes that are a prerequisite for success." —Jerry Solomon, Vice President of Operations, Hunt Valley, for MarquipWardUnited, a division of Barry-Wehmiller Companies, Inc. Insights and strategies from the most experienced lean accounting and performance measurement?practitioners in America Learn how to integrate the proven lean methodologies embedded in the Toyota Production System with Lean Accounting: Best Practices for Sustainable Integration. In this comprehensive guide, leading accounting and performance measurement practitioners analyze the current business climate and provide CFOs and accounting/finance personnel with step-by-step guidelines to seamlessly and successfully integrate sustainable, lean accounting principles within their enterprise. Be a lean success story with Lean Accounting.
Book Synopsis Lean Accounting by : Brian H. Maskell
Download or read book Lean Accounting written by Brian H. Maskell and published by . This book was released on 2007-09 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis End-to-End Lean Management by : Robert J. Trent
Download or read book End-to-End Lean Management written by Robert J. Trent and published by J. Ross Publishing. This book was released on 2008-08-15 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a complete and easy-to-understand approach to successfully implementing Lean principles. The text also provides a wide range of tools, techniques, and examples to support your systematic and continous Lean journey.
Book Synopsis Lean Cost Management by : James R. Huntzinger
Download or read book Lean Cost Management written by James R. Huntzinger and published by J. Ross Publishing. This book was released on 2014-05-14 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: Huntzinger covers the attributes necessary for transforming a business to a lean enterprise and the why and how of the role cost management must play to maximize results. This work illustrates the techniques, principles, and philosophies developed by the architects of Toyotas highly successful accounting system and supplies practical applications of an effective, lean-cost management system.
Download or read book Lean Thinking written by James P. Womack and published by Simon and Schuster. This book was released on 2013-09-26 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lean Thinking was launched in the fall of 1996, just in time for the recession of 1997. It told the story of how American, European, and Japanese firms applied a simple set of principles called 'lean thinking' to survive the recession of 1991 and grow steadily in sales and profits through 1996. Even though the recession of 1997 never happened, companies were starving for information on how to make themselves leaner and more efficient. Now we are dealing with the recession of 2001 and the financial meltdown of 2002. So what happened to the exemplar firms profiled in Lean Thinking? In the new fully revised edition of this bestselling book those pioneering lean thinkers are brought up to date. Authors James Womack and Daniel Jones offer new guidelines for lean thinking firms and bring their groundbreaking practices to a brand new generation of companies that are looking to stay one step ahead of the competition.
Book Synopsis Lean Library Management by : John J. Huber
Download or read book Lean Library Management written by John J. Huber and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prologue : the power of a lean transformation -- Strategy one. Recognize that service performance is the key to customer retention -- Strategy two. Transform your change-resistant culture -- Strategy three. Understand how delivery service chains drive your library's performance -- Strategy four. Align your performance metrics with your delivery service chains -- Strategy five. Transform your new book delivery service chain -- Strategy six. Transform your customer holds/reserves delivery chain of service -- Strategy seven. Transform your cost control philosophy to a lean service improvement philosophy -- Strategy eight. Transform your overall library service performance metrics -- Strategy nine. Transform your digital research delivery service chain -- Strategy ten. Transform your delivery service chain from a "push" to a "pull" philosophy -- Strategy eleven. Think lean before the concrete is poured -- Afterword : lean continuous improvement -- Appendix : more lean tools.
Book Synopsis Reducing Process Costs with Lean, Six Sigma, and Value Engineering Techniques by : Kim H. Pries
Download or read book Reducing Process Costs with Lean, Six Sigma, and Value Engineering Techniques written by Kim H. Pries and published by CRC Press. This book was released on 2012-12-13 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: A company with effective cost reduction activities in place will be better positioned to adapt to shifting economic conditions. In fact, it can make the difference between organizations that thrive and those that simply survive during times of economic uncertainty. Reducing Process Costs with Lean, Six Sigma, and Value Engineering Techniques covers
Book Synopsis Machine that Changed the World by : James P. Womack
Download or read book Machine that Changed the World written by James P. Womack and published by Simon and Schuster. This book was released on 1990 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Draws conclusions for the future of the industry in the USA.
Book Synopsis Lean Transportation Management by : Mohamed Achahchah
Download or read book Lean Transportation Management written by Mohamed Achahchah and published by CRC Press. This book was released on 2018-09-17 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the key transportation management processes from a shipper’s perspective. It enables managers to gain quick insight in the added value of transportation as a strategic differentiator, its key drivers, and guidelines on how to use them in an effective and efficient decision-making process. It explains how to identify and eliminate waste using basic Lean tools and proven concepts. The reader is guided on how to start implementing the Lean methodology and best practices in the industry to realize significant savings. Companies such as Adidas and Amazon are using transportation to increase sales by delivering purchased products faster than the competition. These companies do not treat transportation as a cost center. They are not focusing on reducing transportation spending. They allow customers to buy any product that is available in any store or warehouse and have it delivered to their homes. By delivering faster than the competition, they increase sales. At the same time, they lower their total supply chain costs as faster deliveries lead to fewer returns. Reduction of returns means higher sales and lower transportation costs for returns. The result is higher profits while creating more value for the customer. Transportation is moving from a cost center towards a profit center. The traditional logistics service providers are perceived to not innovate fast enough. Top management must understand the transportation management basics and use it in their strategic decision-making. They should be involved in discussions on how to organize the transport management function in the best way and how to use it as a service differentiator. Transportation is more than the efficient movement of supplies, sub-assemblies and final products. In addition, it is more than the key performance indicators on the business-balanced scorecard. Transportation management professionals fail to catch top management’s attention due to the use of technical language. It is more difficult to understand transportation key performance indicators such as loading degree, net and gross pick-up and delivery reliability. It is easier to get top management attention when talking about lost sales due to stock-outs, lost tenders due to long delivery times, high inventory holding and scrap costs.
Book Synopsis Breaking the Cost Barrier by : Stephen A. Ruffa
Download or read book Breaking the Cost Barrier written by Stephen A. Ruffa and published by Productivity Press. This book was released on 2000-04-10 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Success is often the culmination of a series of lesser known accomplishments." -Stephen A. Ruffa and Michael J. Perozziello In the Muroc, California desert over fifty years ago, a team of contractors and government engineers along with a daring young test pilot named Chuck Yeager achieved the seemingly impossible and broke the sound barrier. It was a brilliant, selfless team effort; one that opened the doors for limitless advances in aviation. Yet, once again, this industry is faced with an apparently insurmountable barrier; not one of performance, but of cost. To break this barrier, a team of manufacturing professionals led by the Department of Defense's Stephen Ruffa-was given unprecedented access by the giants of military and commercial aircraft engines and avionics production. Their mission? Go beyond the age old focus on flying farther, faster, and higher to discover how to effectively and permanently slash the cost of producing aircraft to allow this industry to continue its rapid pace of advancement. The results of their study set the stage for a new approach that will again change the face of this industry. These findings lauded by leaders across the industry and comprehensively explored in Breaking the Cost Barrier prove that production variation, as opposed to more common targets like labor utilization and inventory levels, is the chief cause of escalating production costs. More importantly, they reveal how companies can control spiraling production costs by first controlling the variability that has for too long been considered a necessary evil in manufacturing circles. While much has been written about what "lean production" techniques are, Breaking the Cost Barrier is the first book to explain how to effectively put lean techniques into place. It presents the big picture on how you can understand and adopt the industry proven techniques used in the lean production environment and coordinate the best into one powerhouse variation management program. Case studies and examples showcase how these techniques can be applied to control production variability across industries and requirements. Breaking the Cost Barrier provides far more than just another plug-and-play technique for increasing efficiency. Instead, it tells the step-by-step story of how one team of professionals, guided by the belief that an answer was closer than anyone realized, broke the code on production variability problems and introduced exciting, profitable, and easily adaptable variation management methods to one of the world's most important and noteworthy industries. THE NATIONAL ASSOCIATION OF MANUFACTURERS is the nation's largest broad-based industrial trade association. The NAM is headquartered in Washington, D.C., and has regional offices across the country. For more information on the NAM, call David W. Walker, Vice President, Marketing and Member Services, at (202) 637-3186. The dramatic account of how a team of aerospace professionals attacked production variation to slash costs by 25% Variation Management the identification and control of variation in production processes-is critical to today's cost-conscious aerospace industry. Now, the story of how its underlying framework was discovered by a team of professionals in a cooperative effort with a range of organizations, from McDonnell Douglas and Pratt & Whitney to Westinghouse and even the U.S. government, is chronicled in the innovative and technique-packed Breaking the Cost Barrier. This fast-paced, highly entertaining book gives you a behind-the-scenes look at how you can design and implement a system to successfully control production variability and leverage the power of that system for your own organization. It describes what many of the components of a variability control system are and what goals they should achieve, then demonstrates from the inside out why each comprises an important part in the puzzle.
Book Synopsis Building a Lean Fulfillment Stream by : Robert Martichenko
Download or read book Building a Lean Fulfillment Stream written by Robert Martichenko and published by Lean Enterprise Institute. This book was released on 2010 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lean CX written by Robert Dew and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-04-06 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, many companies have realised customer experience (CX) is the new marketing battle ground. Substantial investments have been made to map customer journeys, identify pain points and improve CX to try and create cut-through. Using real world applications to introduce next generation design tools based on proven concepts from strategy, marketing, psychology and creative problem solving, Lean CX: How to Differentiate at Low Cost and Least Risk discusses how to use Lean Management approaches to innovate your customer experience. This practical book describes how the tools from Lean Management can be applied to the CX innovation problem. The authors draw on hundreds of CX design and strategic innovation projects across a range of industries, both B2B and B2C, from primary research through client work and secondary case studies available in the public domain. The examples include many different vertical industry sectors, including those involving hybrid business models. The cases included share what worked really well and where CX failed. The content goes beyond what actually happened to present an idea of what might be possible with the right design approach and committed resources. Presents the swarm algorithm which highlights what the next generation of successful organisations might become. Shows how to overcome the CX change risk and reduce the biggest waste in CX management. Includes numerous international case examples.
Book Synopsis The Power of Process by : Matthew Zayko
Download or read book The Power of Process written by Matthew Zayko and published by CRC Press. This book was released on 2021-10-28 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lean Process Creation teaches the specific frames—the 6CON model—to look through to properly design any new process while optimizing the value-creating resources. The framing is applicable to create any process that involves people, technology, or equipment—whether the application is in manufacturing, healthcare, services, retail, or other industries. If you have a process, this approach will help. The result is 30% to 50% improvement in first-time quality, customer lead time, capital efficiency, labor productivity, and floorspace that could add up to millions of dollars saved per year. More important, it will increase both employee and customer satisfaction. The book details a case study from a manufacturing standpoint, starting with a tangible example to reinforce the 6CON model. This is the first book written from this viewpoint—connecting a realistic transformation with the detailed technical challenges, as well as the engagement of the stakeholders, each with their own bias. Key points and must-do actions are sprinkled throughout the case study to reinforce learning from the specific to the general. In this study, an empowered working team is charged with developing a new production line for a critical new product. As the story unfolds, they create an improved process that saves $5.6 million (10x payback on upfront resource investment) over the short life cycle of the product, as well as other measurable benefits in quality, ergonomics, and delivery. To an even greater benefit, they establish a new way of working that can be applied to all future process creation activities. Some organizations have tried their version of Lean process design following a formula or cookie-cutter approach. But true Lean process design goes well beyond forcing concepts and slogans into every situation. It is purposeful, scientific, and adaptable because every situation starts with a unique current state. In addition, Lean process design must include both the technical and social aspects, as they are essential to sustaining and improving any system. Observing the recurring problem of reworking processes that were newly launched brought the authors to the conclusion that a practical book focused on introducing the critical frames of Lean process creation was needed. This book enables readers to consider the details within each frame that must be addressed to create a Lean process. No slogans, no absolutes. Real thinking is required. This type of thinking is best learned from an example, so the authors provide this case study to demonstrate the thinking that should be applied to any process. High volume or low, simple or complex mix, manufacturing or service/transactional—the framing and thinking works. Along with the thinking, readers are enabled to derive their own future states. This is demonstrated in the story that surrounds the case study.
